There is evidence of economic writing that dates all the way back to the Mesopotamian era. The development of modern economics is largely due to two groups which were known as the physiocrats and the mercantilists. These groups help develop capitalism in Europe in the 16th century.

Higher education in Cyprus is conducted in the five common international languages namely English, French, Portuguese, Turkish, Greek and Chinese. This has solved issues of language barriers in these higher education institutions enabling even international students to seek the country’s higher education.

Academic institutions around the world offer a BSc or Bachelor of Science. This popular undergraduate degree is helpful in preparing students for the workplace or for advanced degree programs. The average BSc takes three to five years to complete.